Date
Details
Price
Change
Source
9/25/2026
Listed
$1,280,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,280,000 Just Listed
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Property Description
Discover this exceptional 5-unit apartment property, a rare opportunity that combines convenience, comfort, and strong investment potential. Four units feature spacious 2-bedroom, 1-bathroom layouts, while the fifth is a charming standalone cottage, offering privacy and versatility for unique rental opportunities. The property has been meticulously maintained inside and out, with beautifully landscaped grounds that enhance its curb appeal. All tenants are currently on month-to-month annual leases, providing flexibility and convenience for the new owner. Each unit is separately metered for both electric and water, maximizing efficiency and reducing overhead. Residents enjoy central air conditioning, impact windows for added comfort and security, as well as the convenience of an on-site The property also comes equipped with a full surveillance system for enhanced safety. Ideally located just blocks from the scenic Intracoastal Waterway, the property offers easy access to shopping, dining, and entertainment. The main roof will be replaced prior to closing, ensuring peace of mind and long-term value. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable location.
Full Property Details
Full Property Details for 305 Cypress Dr #1,2,3,4,5
General
- Price: $1,280,000
- Taxes: $16,955 (2025)
- Status: Active
- Type: Multi-Family
- Source: Regional
- MLS ID: B26080606
- Updated: Today (9/25/2026)
- Added to Site: Today
Interior
- Flooring: Tile
Rooms
Other Rooms
- Laundry: Common Area
Exterior
- Exterior Features: Courtyard
Parking
- Total Spaces: 10
Location
- County: Palm Beach
- Subdivision: KELSEY CITY
- Driving Directions: US-1 to Cypress Dr.
School Information
- Elementary School: Lake Park
- Middle School: Howell L. Watkins
- High School: Palm Beach Gardens
Community
- Community Name: 5270
- Units Assoc/Comm: 4
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Individual
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Water Connected
- # Electric Meters: 6
Structural Information
- Structure Type: Multi Family, Quadruplex
- Construction: Frame, Stucco, Wood Frame
- Roof: Flat, Shingle
- Windows: ENERGY STAR Qualified Windows
- Stories/Levels: 2
- Building Size: 2504
- Square Feet: 2,504
- Sq. Ft. Source: Appraiser
- Living Area: 2,504 Sq. Ft.
- Year Built: 1928
- Property Condition: Resale
Lot Features
- Property View: City
- Lot Size (Acres): 0.29
- Lot Features: 1/4 to 1/2 Acre Lot
- Zoning: R1 (city)
- Fencing (Description): Back Yard, Front Yard
Financial Considerations
- Assessment Amount: $580,982
- Tax Amount: $16,955.41
- Tax Year: 2025
- Terms: Cash, Conventional, 1031 Exchange, VA Loan
- Tenant Pays: Cable TV, Electricity
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Rent Rolls
- Legal Description: KELSEY CITY LTS 44 TO 46 INC BLK 69
- Property ID: 36434220010690440
Listed by RE/MAX Prestige Realty/Wellington
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Listing agent
— 305 Cypress Dr #1,2,3,4,5 —
RE/MAX Prestige Realty/Wellington
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 305 Cypress Dr #1,2,3,4,5
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Lake Park Elementary School, Lake Park, FL 410 3rd Street, Lake Park, FL 33403 | PK-5 | 0.1 mi |
Howell L. Watkins Middle School 9480 Macarthur Boulevard, Palm Beach Gardens, FL 33403 | 6-8 | 2.1 mi |
Palm Beach Gardens High School 4245 Holly Drive, Palm Beach Gardens, FL 33410 | 9-12 | 3.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 305 Cypress Dr #1,2,3,4,5
Tax History
Tax History for 305 Cypress Dr #1,2,3,4,5
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,955
6%
$564,407
-11%
2024
$15,958
1%
$632,714
-18%
2023
$15,831
44%
$771,599
100%
2021
$11,019
-14%
$385,497
-32%
2022
$12,760
16%
$563,820
44%
2021
$11,019
5%
$391,395
13%
2019
$10,489
15%
$345,182
10%
2018
$9,138
2%
$313,802
6%
2017
$9,000
23%
$294,780
43%
2016
$7,289
-5%
$205,471
-9%
2015
$7,672
103%
$226,917
291%
2014
$3,774
20%
$58,021
10%
2013
$3,138
—
$52,746
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 305 Cypress Dr #1,2,3,4,5
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305 Cypress Drive #1,2,3,4,5, Lake Park, FL 33403 (MLS# B26080606) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 305 Cypress Drive #1,2,3,4,5 is currently listed for $1,280,000 and was received on September 25, 2026. Want to learn more about 305 Cypress Drive #1,2,3,4,5? Do you have questions about finding other Multi-Family real estate for sale in Lake Park? You can browse all Lake Park real estate or contact a Coldwell Banker agent to request more information.